Short Term Car Insurance Cover
Filed under: Uncategorized
Reader’s Question:
I am skeptical about getting short term insurance for our car because we might be shortchanged. But we will be disposing our car in a month or 2 once I get my service car that comes with my promotion from my company. What short term car insurance cover can give?
Keith
Portland OR
Congratulations on your promotion and your coming new car. As it name suggests, short term car insurance cover can be only for a short limited period of time. Short term car insurance works similar to the traditional regular car insurance only that the coverage period is limited. Depending with the insurance provider, one can get as short as 1 day to a maximum of 6 months of insurance coverage. You need to check with insurance company regarding the minimum and maximum length of coverage because there might be differences.
Some people are hesitant of getting this kind of insurance because they feel they’re being shortchanged. But actually, you are not because you only pay for the days you want to be covered. Insurers usually charge flat rate for a short term car insurance cover. If you and your car are candidate for a high insurance premium, the short term insurance might come less expensive to you because of its flat rate.
The coverage in traditional regular car insurance is also found in the short term policies. This short term car insurance cover includes the following:
Bodily Injury Liability
This provides coverage to people who are hit or physically injured by the insured car.
Property Damage Liability
This answers the property damages caused by the insured car.
Medical Payments Liability
This covers the medical expenses of the policy holder and his or her passengers who were injured in the car accident.
Uninsured Motorist Liability
This gives you coverage when you are a victim in a car accident caused by another motorist who has not enough or no insurance at all to give you protection.
The coverage may differ from one car insurance company to another, so you better inquire for the full coverage details from the insurer before making a decision. So, basically, you get nothing to lose if you get a short term car insurance coverage.